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Tag Archives: taxes

Mississippi lawmakers vague on tax proposals for ’17 session

Mississippi’s Republican-led Legislature and GOP Gov. Phil Bryant enacted a substantial package of tax cuts during their 2016 session, with reductions phased in over several years. But leaders are vague about whether they will propose other tax changes during the three-month 2017 session that begins Jan. 3. “I wouldn’t expect any major overhaul,” said Senate Finance Committee Chairman Joey Fillingane, ...

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Mississippi joins fight for legal sports betting

Mississippi and several other states have joined New Jersey’s fight to legalize sports betting in a brief filed with the U.S. Supreme Court. The Clarion-Ledger reports Attorney General Jim Hood signed onto the brief submitted by West Virginia Attorney General Patrick Morrisey, as did the attorneys general of Arizona, Louisiana and Wisconsin. New Jersey in October appealed a lower court’s ...

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Report warns of possible tax subsidy for Kemper plant

A report released Tuesday warns Congress against tax changes that could subsidize Mississippi Power Co.’s Kemper County power plant by an additional $700 million to $4.5 billion. Environmental group Friends of the Earth and anti-subsidy group Taxpayers for Common Sense say members of Congress could try to enact changes before year’s end as part of a larger tax bill. Lukas ...

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Rankin Co. school superintendent, board discuss bond issue

Officials with the Rankin County School District are hoping the second time will be the charm, with a bond issue slated for early March. Five years ago a $169.5 million bond issue was rejected. Fifteen years have passed since voters last approved a bond issue, with more than 80 percent signing off on a $69 million proposal. A final plan ...

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D.C.-based tax policy group has ear of legislative leaders

By BOBBY HARRISON The study committee formed in the summer by House Speaker Philip Gunn and Lt. Gov. Tate Reeves to make recommendations to the full Legislature on possible changes to the state tax structure apparently will depend on the Washington D.C.-based Tax Foundation for most of its information. The specially appointed committee, consisting of legislators and a representative of Gov. ...

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BILL CRAWFORD: Individual taxpayers should be wary of tax reform schemes

  Legislative leaders brought in an outside expert from the Tax Foundation to push the theory that Mississippi needs to make its business taxes more competitive. She argues lower business taxes, offset by higher user fees, property taxes and expanded sales taxes, will make Mississippi more competitive for business and jobs.    While this approach may make the state more ...

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Mississippi’s poor pay more in taxes, report says

By BOBBY HARRISON Mississippians earning between $15 and $26 per hour pay 10.8 percent their income in state and local taxes while those earning more than $306 per hour pay 5.3 percent, according to information presented to legislative Democrats on Wednesday. The minority Democrats in the Mississippi Legislature held hearings Wednesday counter to “working groups” formed by House Speaker Philip ...

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Gov. Bryant believes he’s done cutting budget this year

By BOBBY HARRISON Daily Journal Gov. Phil Bryant says he does not anticipate having to make any more budget cuts this year to offset sluggish revenue collections. “I think we are in good shape right now,” the Republican governor said recently. “We are within the revenue number.” Bryant said any issues dealing with the budget for the current fiscal year ...

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Study finds state’s revenue growth slowing

By BOBBY HARRISON Despite the fact that Gov. Phil Bryant and legislators have been struggling with declining tax revenue and budget cuts, Mississippi is one of 29 states where collections, when adjusted for inflation, have rebounded to new peaks since what is known as the Great Recession of 2008-09. A report by the Pew Charitable Trust, released earlier this month, ...

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